Rent, population, and median household income are important factors to consider for a 1031 exchange in West Caln due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
West Caln, Pennsylvania is a part of the West Chester Submarket submarket area.
West Caln Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the West Caln, PA submarket area was $1,351, which is 21.38% higher than 2014 average rent. This represents a compounded annual growth rate of 3.95%. 2019 vacancy in West Caln, PA was 1.90%.
The total population of the city of West Caln, PA has grown 0.99% since 2010. As of 2018, the population was 9,103. The median household income of the West Caln was $86,422, which is 43.34% higher than the national average.
- submarket area West Chester Submarket
- avg rent $1,351
- rent growth 21.38%
- vacancy 1.90%
- median income $86,422
- population (2018) 9,103
- population growth 0.99%
- vs. nat'l avg 43.34%